AJG · 10-Q · 2026Q3

Arthur J. Gallagher & Co.

Filed 2026-11-05 · Financials · View original filing on EDGAR

Everything AJG's SEC filings said, ranked

Ranked Events

• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Cash provided by operating activities was $2.310 billion in the nine months ended September 30, 2026, compared with $1.177 billion in the prior-year period, an increase of approximately 96%. Gallagher attributed the…
• Acquisition / Partnership / DivestitureImportance 64 · Surprise 42
  Acquisitions completed in the twelve months ended September 30, 2026 contributed $2.413 billion to the year-over-year increase in Brokerage base commissions and fees for the nine-month period. Those acquisitions also…
• Revenue Performance and MixImportance 64 · Surprise 56
  For the nine months ended September 30, 2026, Brokerage revenue was $11.268 billion, up from $9.023 billion, while Risk Management revenue before reimbursements was $1.338 billion, up from $1.168 billion. Brokerage…
• Operating Expense TrendsImportance 53 · Surprise 48
  Brokerage compensation expense increased $1.365 billion, or approximately 28%, in the nine months ended September 30, 2026, primarily reflecting $1.096 billion from acquisitions, $133 million in base compensation…
• DividendsImportance 49 · Surprise 32
  Gallagher declared $546 million of cash dividends on common stock in the first nine months of 2026, equal to $0.70 per share per quarter and an 8% increase over the same period in 2025. On October 27, 2026, the company…
• Outstanding IndebtednessImportance 49 · Surprise 6
  At September 30, 2026, Gallagher had $9.550 billion of Senior Notes, $2.683 billion of Note Purchase Agreements, $630 million outstanding under its Credit Agreement and $228 million under its Premium Financing Debt…
• Capital Expenditure OutlookImportance 41 · Surprise 48
  Capital expenditures were $135 million in the first nine months of 2026, up from $105 million in the comparable 2025 period, an increase of approximately 29%. Gallagher expected full-year 2026 capital-improvement…
• Share Repurchase ProgramImportance 40 · Surprise 42
  Gallagher’s July 2021 board-approved repurchase plan authorizes up to $1.5 billion of common-stock repurchases. During the first nine months of 2026, the company repurchased 2.7 million shares for $580 million; it made…
• FX / Currency ImpactImportance 38 · Surprise 46
  Corporate pretax loss included a net unrealized foreign-exchange remeasurement loss of $9 million in the third quarter of 2026, compared with a $5 million gain in the third quarter of 2025. For the nine months ended…
• Market Demand TrendsImportance 37 · Surprise 32
  Brokerage base commissions and fees grew 4% organically in both the third quarter and first nine months of 2026, with Gallagher attributing organic growth to strong customer retention, new business generation, and…
• Margin DriversImportance 37 · Surprise 32
  Brokerage adjusted EBITDAC margin was 36.5% for the nine months ended September 30, 2026, down 135 basis points from 37.9%; for the third quarter it increased 202 basis points to 35.3%. The filing says prior-year…
• Insurance Pricing EnvironmentImportance 25 · Surprise 32
  The Council of Insurance Agents and Brokers’ first- and second-quarter 2026 surveys showed U.S. commercial property/casualty rates decreased 1.2% and 2.0%, respectively; the third-quarter survey was not available as of…
• Carrier Competition DynamicsImportance 10 · Surprise 6
  Gallagher observed significant carrier competition across property-related coverages. Casualty conditions varied by line and account, with underwriting remaining more cautious in certain casualty lines, particularly in…

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